If you press a number, a representative might tell you they work for your bank or credit card company. Then, they charge 0 to 99 for their interest rate reduction services – often without your permission. How can you guard against phone scams like this one?
Most of the time, you don’t get a lower interest rate. The FTC and the Florida Attorney General filed a lawsuit to shut down this scam. Payless lied about lowering interest rates, lied about working for consumers’ banks, and unfairly charged consumers’ credit cards without authorization. Here are some suggestions: Looking for ways to lower your interest rate and pay debts? For example: when comparing credit cards, don’t just look at interest rates.
Thanks for the run down, I hope my comment helps you too.
They even have your birthday so as with my problem I am now getting plagued with calls and mail wanting to sell supplement insurance because I just turned 65 and eligible for medi care. I would love to be able to file a legal law suit against these people. Isn't it called the telemarketers who needs a day job to pay their bill?Could it be that Social security gives out your address? I used to follow a telemarketer forum where people complained about their scams, and a telemarketer answered, hey we got our family to feed...Of course she hung up when I tried to ask another question. Then I tried to file a do not call complaint, and the website went down.I don't have any credit card balances, and it is so annoying to get these calls.I was wondering if the company is connected to Citi Bank or Chase, because it seems like that is how I make out the check when I pay off the balances each month. FYI: If a legitimate company you do business with is calling you, they will identify the company they are calling from and they will abide by the Do Not Call list or your "opt out" selections. Your telephone number is publicly-available information. Even if it's "unlisted", marketers can still get the information through a service the phone companies offer.
If it is, I will close out those cards and replace them with some obscure local bank that may have nothing to do with them. Additionally, they do not need to speak with you to change your interest rate (up or down). I know for a fact these companies contract with your credit card companies, that is how they get your number!!! CHANGE THE PHONE NUMBER ASSOCIATED WITH YOUR CREDIT CARD! Your phone number is not "your" personal information in any case - it's the phone company's, not yours.Now when they call, it states hit #9 to talk to someone so I did. Blocked that one and just got another call from United States.The broken English speaking lady asked me, how are you doing so telling her the truth I say, you woke me up because I just had a heart cath done today so she hangs up on me, well the next time they call I will have a air horn for them. Last one had a different woman speaking same message.I think they are using the do not call register as their calling list because they know they can't be stopped.I only started getting after I registered my cell number.Our elderly get scammed and absolutely nothing is done.